What it’s like to retire in an era of high inflation
Let me give you some examples from my life as a kind-of retiree who left full-time employment a year ago, but still works on a part-time basis. To start, our property taxes went up 3.75 per cent this year and our condo fees rose 1 per cent.Our equal monthly billing amount for natural gas jumped 15 per cent, and property insurance for our condo edged up 3.5 per cent. Gasoline costs have gone up nearly 30 per cent over the past 12 months on average, which has hit hard because we’ve been driving a lot between our home in Ottawa and Toronto to visit and help aged parents.
- ▪Let me give you some examples from my life as a kind-of retiree who left full-time employment a year ago, but still works on a part-time basis.
- ▪To start, our property taxes went up 3.75 per cent this year and our condo fees rose 1 per cent.Our equal monthly billing amount for natural gas jumped 15 per cent, and property insurance for our condo edged up 3.5 per cent.
- ▪Gasoline costs have gone up nearly 30 per cent over the past 12 months on average, which has hit hard because we’ve been driving a lot between our home in Ottawa and Toronto to visit and help aged parents.
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| Original publisher | The Globe and Mail |
| Canonical URL | https://www.theglobeandmail.com/investing/personal-finance/article-retiring-in-an-era-of-high-inflation-costs/ |
| Publication time | Mon, 27 Jul 2026 17:53:06 +0000 |
| Retrieval time | 2026-07-27T18:12:49.255Z |
| Last seen | 2026-07-27T18:12:59.684Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | 81NQwNGyYIi8 · 1 stories |
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| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
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Opening excerpt (first ~120 words) tap to expand
Open this photo in gallery:Groceries are inflation’s sharp end because they’re an unavoidable expense that can be addressed only to a limited extent with coupons, buying in bulk and shopping sales.JulieAlexK/iStockPhoto / Getty ImagesShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountThe cliché of the poor senior on a fixed income is way overdone.But inflation does bite hard when you’re retired. Let me give you some examples from my life as a kind-of retiree who left full-time employment a year ago, but still works on a part-time basis. To start, our property taxes went up 3.75 per cent this year and our condo fees rose 1 per cent.Our equal monthly billing amount for natural gas jumped 15 per cent, and property insurance for our condo edged up 3.5 per cent.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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